Solar power globally rising; is the fastest growing power source for 2016

Solar power globally rising; is the fastest growing power source for 2016

Solar energy is the fastest-growing power source in 2016 as it accounted almost two-thirds of the global net new capacity, a report said.

According to the International Energy Agency (IEA), the rise of solar energy globally was because of a boom in the installations of photovoltaic panels – especially in China – due to price drops and government support.

The report said that solar panels capacity grew 50 percent in 2016 – with China accounting for almost half the expansion. This made them a leader in the renewable energy production, with the United States following after.

This would be the first time solar power has surpassed any other fuel as a power source.

Meanwhile, coal still continues to grow over time amid global movements to cut down on carbon emissions.

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